Using a 10-region, 12-sector model of the global economy, projected forward to 2005 with and without implementation of the Uruguay Round (UR) trade agreements, we confirm earlier expectations that Africa is likely to be the only major region of the world to lose from UR implementation--but find that UR-induced costs would be far outweighed by the potential gains from catching up with other low-income countries in agricultural productivity and in transport costs. Furthermore, we find that implementing the UR accelerates a resource-driven shift in Africa's comparative advantage towards agriculture (as opposed to mining or manufacturing) and towards trade with Asia (as opposed to Europe). Recognising and supporting this 'Asia/agriculture' development strategy will be a key to raising African incomes over the coming decade. Copyright 1998 by Oxford University Press.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Contact details of provider: Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK Fax: 01865 267 985 Email: Web page: http://www.jae.oupjournals.org/
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Related research
Keywords:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)